Days Inventory is also known as Days Sales of Inventory (DSI). Kane Biotech's Average Total Inventories for the
three
months ended in Mar. 2024 was C$0.25 Mil. Kane Biotech's Cost of Goods Sold for the
three
months ended in Mar. 2024 was C$0.01 Mil.
Hence, Kane Biotech's Days Inventory for the
three
months ended in Mar. 2024 was 1,874.43.
The historical rank and industry rank for Kane Biotech's Days Inventory or its related term are showing as below:
During the past 13 years, Kane Biotech's highest Days Inventory was 5199.22. The lowest was 131.87. And the median was 301.07.
TSXV:KNE's Days Inventory is not ranked *
in the Biotechnology industry.
Industry Median: 193.86 * Ranked among companies with meaningful Days Inventory only.
Kane Biotech's Days Inventory
declined
from Mar. 2023 (10,174.38) to Mar. 2024 (1,874.43).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Kane Biotech's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.05.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Kane Biotech's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 4.74.
Kane Biotech Days Inventory Historical Data
The historical data trend for Kane Biotech's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Kane Biotech's Days Inventory
For the Biotechnology subindustry, Kane Biotech's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kane Biotech's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Kane Biotech's Days Inventory distribution charts can be found below:
* The bar in red indicates where Kane Biotech's Days Inventory falls into.
Kane Biotech Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Kane Biotech's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kane Biotech (TSXV:KNE) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Kane Biotech's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Kane Biotech's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Kane Biotech Days Inventory Related Terms
Thank you for viewing the detailed overview of Kane Biotech's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Kane Biotech Inc is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. The company has a portfolio of biotechnologies, intellectual property and products developed by its own biofilm research expertise and acquired from research institutions. The Company has a separate operating segment for its Stem Animal Health subsidiary, which operates the animal health business. StrixNB, DispersinB, Aledex, bluestem, bluestem, silkstem, goldstem, coactiv+, DermaKB and DermaKB Biofilm are trademarks of the company. The firm is also engaged in the animal health business through its Stem Animal Health subsidiary.
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